August house prices enjoy minute increase
It may be a little too early to start getting over-excited, but a Halifax report published today has shown that house prices crept up ever-so-slightly during the month of August.
Last month, prices rose at a rate of around 0.2%, and whilst this may seem rather insignificant to some, at such a difficult time in the property market, a small rise is far better than none at all.
Although the rise in August was down 0.5% on July, Halifax remain slightly positive that prices should hold relatively steady for the remainder of the year.
The property market still has an extremely long way to go before it even begins to recover sufficiently from the recession though.
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